Rising Demand for Credit Counseling Services at Money Management International Reflects Growing Debt Crisis

Thursday, 11 July 2024, 13:00

The first half of 2024 witnesses a significant rise in individuals seeking financial counseling and debt management services at Money Management International. The latest data highlights the intensifying financial challenges faced by Americans, emphasizing the urgent need for assistance. With rising debt levels nationwide, Money Management International's report sheds light on the escalating financial pressures impacting households across the country.
Yahoo Finance
Rising Demand for Credit Counseling Services at Money Management International Reflects Growing Debt Crisis

Money Management International Reports Major Increase in Credit Counseling in First Half of 2024

The latest data from Money Management International (MMI) reveals a substantial surge in clients seeking nonprofit financial counseling and debt management assistance in the initial six months of 2024.

Highlights:

  • Escalating Financial Pressures: Rising levels of debt pose challenges for individuals and families.
  • State-by-State Unsecured Debt Growth: MMI data showcases the changing debt landscape across different regions.
  • Increased Demand for Financial Counseling: The report underscores the growing need for assistance in managing personal finances.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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